Eurozone inflation at 0% in March

Eurozone inflation stood at zero percent in March, revised data showed Thursday, despite the European Central Bank boosting its already massive stimulus programme to beat deflation.

This was compared with minus 0.2 percent in February and was revised from minus 0.1 percent first reported on March 31.

Falling energy prices again were the major factor, down 8.7 percent in March after a fall of 8.1 percent in February.

Last month, the ECB added to its already unprecedented stimulus programme by slashing record-low interest rates and promising to pump even more money into the banking system in an effort to get the banks to lend freely again.